US100, H4
In the H4 time frame, US100 is slightly corrected after an upward momentum, and tests the 19500 support, aligned with the golden Fibonacci ratio. The 50-MA crosses the 100- and 200-MA, potentially indicating a bullish sentiment, however, the Momentum oscillator crosses the 100-line downwards.
- If the price rebounds off the 19500, US100 will rise to 20500 resistance;
- Breaching below the golden Fibonacci will drop the price to 18700 support.